OTCPK:KPCU.F

Stock Analysis Report

Executive Summary

Kasikornbank Public Company Limited, together with its subsidiaries, provides commercial banking products and services in Thailand and internationally.

Snowflake

Fundamentals

Undervalued with excellent balance sheet and pays a dividend.


Similar Companies

Share Price & News

How has Kasikornbank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

KPCU.F

2.7%

US Banks

0.4%

US Market


1 Year Return

n/a

KPCU.F

2.7%

US Banks

6.9%

US Market

Return vs Industry: Insufficient data to determine how KPCU.F performed against the US Banks industry.

Return vs Market: Insufficient data to determine how KPCU.F performed against the US Market.


Shareholder returns

KPCU.FIndustryMarket
7 Day0%2.7%0.4%
30 Day0%0.2%-1.2%
90 Dayn/a2.9%-0.4%
1 Yearn/a5.7%2.7%9.3%6.9%
3 Yearn/a52.1%41.6%45.8%36.4%
5 Year-23.5%-23.5%69.2%50.7%62.9%45.1%

Price Volatility Vs. Market

How volatile is Kasikornbank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Kasikornbank undervalued compared to its fair value and its price relative to the market?

37.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: KPCU.F ($5.2) is trading below our estimate of fair value ($8.31)

Significantly Undervalued: KPCU.F is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: KPCU.F is good value based on its PE Ratio (10x) compared to the Banks industry average (12.6x).

PE vs Market: KPCU.F is good value based on its PE Ratio (10x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: KPCU.F is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: KPCU.F is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Kasikornbank forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?

10.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KPCU.F's forecast earnings growth (10.7% per year) is above the savings rate (2.7%).

Earnings vs Market: KPCU.F's earnings (10.7% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: KPCU.F's earnings are forecast to grow, but not significantly.

Revenue vs Market: KPCU.F's revenue (6.7% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: KPCU.F's revenue (6.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: KPCU.F's Return on Equity is forecast to be low in 3 years time (10.5%).


Next Steps

Past Performance

How has Kasikornbank performed over the past 5 years?

-4.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KPCU.F's earnings have declined by -4.8% per year over the past 5 years.

Accelerating Growth: KPCU.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: KPCU.F had negative earnings growth (-0.3%) over the past year, making it difficult to compare to the Banks industry average (29.6%).


Return on Equity

High ROE: KPCU.F's Return on Equity (9.5%) is considered low.


Return on Assets

ROA vs Industry: KPCU.F has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate KPCU.F's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Kasikornbank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: KPCU.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: KPCU.F's debt is covered by short term assets (assets are 2.289710x debt).


Financial Institutions Analysis

Asset Level: KPCU.F's level of assets compared to its equity is low.

Allowance for Bad Loans: KPCU.F has a sufficient allowance for bad loans.

Low Risk Liabilities: KPCU.F's liabilities are made up of primarily low risk sources of funding.

Loan Level: KPCU.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: KPCU.F's loans are broadly funded by customer deposits.

Level of Bad Loans: KPCU.F has a high level of bad loans (3.93%)


Next Steps

Dividend

What is Kasikornbank's current dividend yield, its reliability and sustainability?

2.61%

Current Dividend Yield


Dividend Yield vs Market

company2.6%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Years3.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: KPCU.F's dividend (2.61%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: KPCU.F's dividend (2.61%) is low compared to the top 25% of dividend payers in the US market (3.73%).

Stable Dividend: KPCU.F's dividends per share have been stable in the past 10 years.

Growing Dividend: KPCU.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26%), KPCU.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KPCU.F's dividends in 3 years are forecast to be well covered by earnings (29% payout ratio).


Next Steps

Management

What is the CEO of Kasikornbank's salary, the management and board of directors tenure and is there insider trading?

18.8yrs

Average management tenure


CEO

Kattiya Indaravijaya (54yo)

0yrs

Tenure

฿3,800,572

Compensation

Ms. Kattiya Indaravijaya has been Chief Executive Officer at Kasikornbank Public Company Limited since October 2019. Ms. Indaravijaya has been an Executive Director of Kasikornbank Public Company Limited s ...


Management Age and Tenure

18.8yrs

Average Tenure

54yo

Average Age

Experienced Management: KPCU.F's management team is seasoned and experienced (18.8 years average tenure).


Board Age and Tenure

5.1yrs

Average Tenure

60yo

Average Age

Experienced Board: KPCU.F's board of directors are considered experienced (5.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Tawit Thanachanan (54yo)

    First Senior Vice President

    • Tenure: 18.8yrs
  • Chartchai Sundharagiati (59yo)

    First Senior Vice President

    • Tenure: 18.8yrs
  • Ampol Polohakul (53yo)

    Executive Vice President

    • Tenure: 18.8yrs
  • Adit Laixuthai (55yo)

    Corporate Secretariat Div Head

    • Tenure: 0yrs
  • Kattiya Indaravijaya (54yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: ฿3.80m
  • Predee Daochai (61yo)

    President & Executive Director

    • Tenure: 6.6yrs
    • Compensation: ฿3.80m
  • Abhijai Chandrasen (70yo)

    Non-Executive Director & Legal Adviser

    • Tenure: 19.5yrs
    • Compensation: ฿8.19m
  • Patchara Samalapa (48yo)

    President & Director

    • Tenure: 1.5yrs
    • Compensation: ฿1.06m
  • Pipit Aneaknithi (52yo)

    President & Executive Director

    • Tenure: 2.8yrs
    • Compensation: ฿3.80m
  • Pornvipa Tangtrongchit

    Chief of Investment Banking

    • Tenure: 0yrs

Board Members

  • Sujitpan Lamsam (60yo)

    Vice Chairperson of the Board

    • Tenure: 3.8yrs
    • Compensation: ฿5.74m
  • Banyong Lamsam (86yo)

    Honorary Chairman

    • Tenure: 0yrs
    • Compensation: ฿569.82k
  • Banthoon Lamsam (66yo)

    Chairman

    • Tenure: 6.6yrs
    • Compensation: ฿7.05m
  • Kattiya Indaravijaya (54yo)

    CEO & Executive Director

    • Tenure: 0yrs
    • Compensation: ฿3.80m
  • Predee Daochai (61yo)

    President & Executive Director

    • Tenure: 6.6yrs
    • Compensation: ฿3.80m
  • Abhijai Chandrasen (70yo)

    Non-Executive Director & Legal Adviser

    • Tenure: 19.5yrs
    • Compensation: ฿8.19m
  • Patchara Samalapa (48yo)

    President & Director

    • Tenure: 1.5yrs
    • Compensation: ฿1.06m
  • Piyasvasti Amranand (66yo)

    Independent Director

    • Tenure: 6.5yrs
    • Compensation: ฿5.72m
  • Pipit Aneaknithi (52yo)

    President & Executive Director

    • Tenure: 2.8yrs
    • Compensation: ฿3.80m
  • Kobkarn Wattanavrangkul (59yo)

    Vice Chairperson & Lead Independent Director

    • Tenure: 1.5yrs
    • Compensation: ฿2.63m
  • Nalinee Paiboon (60yo)

    Independent Director

    • Tenure: 7.2yrs
    • Compensation: ฿5.24m

Company Information

Kasikornbank Public Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kasikornbank Public Company Limited
  • Ticker: KPCU.F
  • Exchange: OTCPK
  • Founded: 1945
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ฿366.169b
  • Listing Market Cap: ฿12.089b
  • Shares outstanding: 2.39b
  • Website: https://www.kasikornbank.com

Location

  • Kasikornbank Public Company Limited
  • 1 Soi Rat Burana 27/1
  • Rat Burana Road
  • Bangkok
  • 10140
  • Thailand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TFBFDB (Deutsche Boerse AG)THBH10(ALIEN MARKET)DEEURMay 1993
KBANKSET (The Stock Exchange of Thailand)YesOrdinary SharesTHTHBMay 1993
KBANK-FTHAMSE (Bangkok-Alien Market Stock Exchange)THBH10(ALIEN MARKET)THTHBMay 1993
KPCP.FOTCPK (Pink Sheets LLC)THBH10(ALIEN MARKET)USUSDMay 1993
KBANK-RSET (The Stock Exchange of Thailand)NON VTG DEP RCPT REP 1 ORD THB10THTHBAug 2001
KPCU.FOTCPK (Pink Sheets LLC)NON VTG DEP RCPT REP 1 ORD THB10USUSDAug 2001
KPCP.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDApr 2011

Biography

Kasikornbank Public Company Limited, together with its subsidiaries, provides commercial banking products and services in Thailand and internationally. The company’s personal banking products and services  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 23:58
End of Day Share Price2019/09/05 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.